If you are in the Philippines, or in many parts of the world, you may have noticed that a lot of successful entrepreneurs are of chinese descent. I have done some readings on what makes the chinese more adapt to business? I don’t think it is because of the genes, but it is partly historical, partly cultural, and partly accidental.
If you go back a few hundred years, you will note that the ambition of many Chinese was to be a scholar. The merchant class was not considered to be top choice. It was not considered to be an honorable class, and many times, this choice was considered with disdain. It is no accident that for thousands of years, while Chinese history is replete with names of famous generals, or philosophers, there is hardly a famous business person in the midst. However, the last few hundred years, there has been a lot of turmoil and famine in China, and one of the things they found out was that if youown your business, you could not only earn more money, but it was the best thing you could pass on to your children to insure their survival.
Moreover, because of the turmoil, many of the Chinese people migrated to many parts of Asia during the 19th and early 20th century. Many of them were unschooled, and when they reached the new land, they did not have the skills to be employed. Thus, their only choice was to go to business on their own. Many of the early Chinese businesses therefore was to have their store and the house on the same area. There was no such thing as work / private life separation, and many chinese children grew up playing inside the store, and helping the business. I believed that it is through this exposure that many chinese children actually begin to have an edge when it came to business.
If you want your kids to be a successful businessman, it may help if you give them early exposure and training. Get them to work on summer. You may not need the money, but the experience could be invaluable. When we hire people, we always consider that the applicant being able to work in McDonalds’, or even inside their school as a plus factor. While school is a great place to learn, the workplace can be also an invaluable experience that can give you the edge. Obviously this can also be helpful to you when you decide to be an entrepreneur as well.